Democrats are making increasingly explicit threats about their willingness to let nearly $600 billion worth of tax hikes and spending cuts take effect in January unless Republicans drop their opposition to higher taxes for the nation’s wealthiest households.Read the rest here.
Emboldened by signs that GOP resistance to new taxes may be weakening, senior Democrats say they are prepared to weather a fiscal event that could plunge the nation back into recession if the new year arrives without an acceptable compromise.
See also this related story.
Children in a sand box...
ReplyDeleteThe fiscal cliff must be a great compromise since no one likes it. Personally, I like half of it.
ReplyDelete